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JP Morgan to acquire US paytech firm Renovite

September 12, 2022


Once the acquisition is complete, Renovite will become part of JP Morgan Payments – which provides corporate treasury services, trade finance, card and merchant services.

Founded in 2015 and based in Fremont, California, Renovite offers cloud-native software products for payment systems, helping clients with infrastructure, including switch, reconciliation, security, issuing, ATM and testing.

Through the acquisition, JP Morgan Payments says it will be able to build out further its merchant acquiring platform, modernise its payments strategy and support its transition to the cloud.

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